Industry News Wrap Up: December 7-11, 2015

We’re wrapping up the second week of the last month of the calendar year. Here’s a look at a couple of the top stores in the aerospace and electronics industries this past week.

Boeing Unveils its Newest Airliner – The 737 MAX

This past Tuesday, December 8th, Boeing rolled out the newest edition of their 737 model plane. The Boeing 737 MAX was revealed in an employee-only event at the Boeing 737 Factory in Renton, WA. The aircraft is being prepared for its first flight early in 2016 and its first customer deliveries in the third quarter of 2017. Southwest Airlines, known for operating almost exclusively on 737’s will be the first customer to receive their delivery. Some of the most notable improvements on the 737 MAX are the 20% increase in fuel efficiency and the 14% decrease in operation costs.

Samsung to Join Automotive Industry with Electronic Parts

One of South Korea’s largest electronics players is entering into the ever-growing industry of smart mobility. Samsung will initially build products for infotainment and autonomous driving vehicles. Samsung is the latest to enter the market along with Apple, Google, and LG Electronics. Currently there are between 80 to 100 processors in a vehicle depending on its sophistication; as regulations mandating certain technologies become more prevalent, this number is likely to increase. According to recent reports, this market (composed of automotive software, services and components) is worth an estimated $500 billion. A Thomson Reuters report shows that Samsung has been investing in automotive electronics R&D since as early as 2010. In the future, vehicles will likely have the ability to communicate with one another as well as larger infrastructures.

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